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Discuss the correlation between GDP growth and health outcomes. Compare short-term trends vs. long-term trends. Why would this be an example of the fallacy of composition in health economics?
In addition to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of international trade. Without free trade, Sapphira has market power as a local producer. Once free trade is implemented in the loca..
q1. suppose that businesses buy a total of 170 billion of the four resources labor land capital and entrepreneurial
A market has a demand curve described by P=26-Q, a supply curve described by P=10+Q, and a price ceiling of 12. Calculate the Total Surplus of the market with the price ceiling.
The demand function for a particular brand of LCD TV is given by p=2800-35x where p is the price per unit in dollars when x thousand television sets are sold. Determine the number of sets that must be sold in order to maximize the revenue.
Does a persistent balance of payment deficits result in a pressure to devaluate the currency.
A firm uses labor and capital to produce output according to the production function q= 100KL, where L is the number of units of labor used and K is the number of machines. Suppose the price of capital is $120 per day and the price of labor $30 per d..
Which of the below transaction(s) are included in the GDP calculations for the Year of 2012?
Given these market characteristics, what is the Lerner Index equal to (as a function of quantity)?
Two firms supply coffee at a market. Firm 1 has lower marginal costs than firm 2, reflected by constant marginal costs c1
All points on the SP curve (but not on the LP line) share the characteristic that the economy is not in the long-run equilibrium because
Suppose that the firm Traveldrex gets a patent for a new type of travel mug that will never tip over. As a monopolist in the market for this new type of travel mug, Traveldrex faces market demand Q = 120 – 2p, where Q is in thousands of mugs and p is..
Suppose that the government pursues expansionary fiscal policy by lowering taxes. What are the expected demand-side effects? What are the possible offsets to the demand-side effect? How might supply-side effects change these results?
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